Willem Buiter

Willem Buiter
Buiter in 1984
Born (1949-09-26) 26 September 1949 (age 75)
The Hague, Netherlands
NationalityAmerican; British
Academic career
FieldEconomics, Finance, Political Economy
InstitutionPrinceton University
London School of Economics
University of Bristol
Yale University
University of Cambridge
Columbia University
Alma materUniversity of Cambridge
Yale University
Information at IDEAS / RePEc

Willem Hendrik Buiter CBE (born 26 September 1949) is an American-British economist.[1] He spent most of his career as an academic, teaching at various universities. More recently,[when?] he was the Chief Economist at Citigroup.[2][failed verification]

Early life and education

Buiter was born in The Hague, Netherlands on 26 September 1949. He is a national of the United States and the United Kingdom.[3] Willem's father, Harm Buiter, was a Dutch economist, international trades union official and politician of the Labour Party (PvdA), who had served as Mayor of Groningen.[4]

Buiter went to the European School in Brussels, Belgium from 1962 to 1967, where he obtained his European Baccalaureate.[1] After studying Political and Social Science for one year at the University of Amsterdam from 1967 to 1968, Buiter went to Emmanuel College, Cambridge, to study Economics and received his B.A. with First-Class Honours in 1971. He was awarded his M.A. in Economics in 1972 and his M.Phil. in Economics in 1973, his fields of concentration being International Economics, and Economic Development.

Buiter was awarded his PhD in economics from Yale University in New Haven, Connecticut, United States, in 1975. His thesis, "Temporary Equilibrium and Long-Run Equilibrium," was subsequently published in 1979.[5]

Career

From 1975 to 1976 and 1977 to 1979, Buiter was an assistant professor of economics and international affairs at the Woodrow Wilson School of Princeton University in Princeton, New Jersey. From 1976 to 1977, he was lecturer in economics at the London School of Economics and Political Science. From 1980 until 1982, he was professor of economics at the University of Bristol.[citation needed]

From 1977 until 2011, he was a Research Associate in the Financial Markets and Monetary Economics Program of the National Bureau of Economic Research.[6]

On 1 April 1982, Buiter was appointed Cassel Professor of Economics at the London School of Economics with special reference to money and banking. He left LSE in 1985 to teach economics at Yale University in New Haven, Connecticut from 1985 until 1994.[1] In 1989 Buiter became a correspondent of the Royal Netherlands Academy of Arts and Sciences.[7]

Buiter left the United States in 1994 when he was appointed as Fellow of Trinity College, Cambridge, and professor of International Macroeconomics at the University of Cambridge, positions he held until May 2000. He was an external member of the Bank of England's Monetary Policy Committee from June 1997 to May 2000. In June 2000, he became Chief Economist and Special Advisor to the President at the European Bank for Reconstruction and Development, a position he held until August 2005. From September 2005 until May 2009, Buiter was professor of European Political Economy at the European Institute of the London School of Economics and Political Science. From 2005 to 2010, Buiter was an International Advisor of Goldman Sachs International.[8]

Buiter is a contributor to the Financial Times, where until December 2009 he wrote a blog entitled " Maverecon".[9] In April 2008, he wrote a paper about the situation of Icelandic banks for Landsbanki, together with his wife Anne Sibert.[10] In mid-July 2008, an updated version was presented to the government of Iceland.[11] The Icelandic interlocutors considered the paper to be too market-sensitive and it was agreed to be kept confidential.[11]

From June 2009 till August 2011, he was professor of Political Economy at the Centre for Economic Performance of the LSE. In January 2010, Buiter joined Citigroup as Chief Economist, replacing Lewis Alexander who vacated the position to work with the United States Treasury eight months prior. In an April 2009 blog post, Buiter had earlier described Citigroup as "a conglomeration of worst practice from across the financial spectrum."[12]

Buiter was elected[when?] fellow of the European Economic Association.[13] In 2021, he was an adjunct professor at Columbia University's School of International and Public Affairs.[14]

Other activities

Personal life

In 1973 Buiter was married to Jean Archer. The marriage was dissolved in 1997. They had two children, David Michael Alejandro, born on 22 February 1991 in Callao, Peru, and Elizabeth Lorca, born 6 August 1993 in Cochabamba, Bolivia.

Buiter, since 5 June 1998[1] is married to Anne Sibert, professor of economics at Birkbeck, University of London, who was also an External Member of the Monetary Policy Committee of the Central Bank of Iceland from 2009 until 2012. Sibert, on account of her criticism on the banking system and European finances for the Centre for Economic Policy Research,[16] has been called "a commentator who cannot easily be ignored."[1][17]

References

  1. ^ a b c d e "Willem Hendrik Buiter". Willembuiter.com. Archived from the original on 16 May 2012. Retrieved 18 April 2014.
  2. ^ "Professor Willem H Buiter – Professor Willem H Buiter – Academic Staff – Staff – European Institute – Home". .lse.ac.uk. 5 February 2010. Archived from the original on 9 April 2014. Retrieved 18 April 2014.
  3. ^ "Willem H. Buiter". Archived from the original on 14 April 2009. Retrieved 22 December 2008.
  4. ^ "Oud-burgemeester Groningen Harm Buiter overleden ("Former mayor of Groningen, Harm Buiter, deceased"" (in Dutch). Elsevier.nl. 23 February 2011. Archived from the original on 19 March 2012. Retrieved 23 February 2011.
  5. ^ Buiter, Willem H. (1979). Temporary Equilibrium and Long-Run Equilibrium. Routledge Revivals. London: Routledge (published 2014). ISBN 9781315780726.
  6. ^ LSE Magazine, November 1982, No 42, p.4
  7. ^ "Willem Buiter". Royal Netherlands Academy of Arts and Sciences. Archived from the original on 4 September 2017.
  8. ^ "Willem Buiter". EconoMonitor. 26 April 2010. Archived from the original on 5 October 2013. Retrieved 4 October 2013.
  9. ^ "willem buiter's maverecon". Blogs.ft.com. Archived from the original on 7 December 2008. Retrieved 18 April 2014.
  10. ^ "All in the family | willem buiter's maverecon". Blogs.ft.com. 8 March 2009. Archived from the original on 12 March 2009. Retrieved 18 April 2014.
  11. ^ a b "The Icelandic banking crisis and what to do about it". Archived from the original on 8 November 2008. Retrieved 19 March 2009.
  12. ^ Craig Stirling; Bradley Keoun (30 November 2009). "Willem Buiter Will Join Citigroup as Chief Economist". Bloomberg News. Archived from the original on 20 October 2010. Retrieved 27 January 2011.
  13. ^ "Fellows | EEA". eeassoc.org. Archived from the original on 8 May 2021. Retrieved 26 February 2021.
  14. ^ "Is the US economy running out of slack?". The Jordan Times. 31 July 2021. Archived from the original on 1 August 2021. Retrieved 1 August 2021.
  15. ^ Advisory Scientific Committee (ASC) Archived 10 November 2019 at the Wayback Machine European Systemic Risk Board (ESRB).
  16. ^ "The damaged ECB legitimacy | vox". Voxeu.org. 15 September 2011. Archived from the original on 22 March 2012. Retrieved 18 April 2014.
  17. ^ Smith, Yves (15 September 2011). "Anne Sibert: The damaged ECB legitimacy". naked capitalism. Archived from the original on 21 May 2012. Retrieved 18 April 2014.